Andrew McCormick, Head of US operations at eToro, has stepped down from his role. He announced the departure on LinkedIn. In his post, he wrote: “My time here has come to an end but I’ll forever be thankful for an unforgettable adventure.”

eToro said that Alain Tennekoon, Head of Operations and Service for eToro’s US business, will assume McCormick’s responsibilities.

eToro US Head McCormick Steps Down

Commenting on his departure, the company said: “We thank McCormick for his contributions to eToro’s U.S. business and wish him the very best in his new role.”

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McCormick took on the role of Head of eToro US after Lule Demmissie stepped down as CEO of the company’s US operations. He served in the position for around two years. He was promoted into the role following his previous position as US Senior Counsel, which he held for more than two years at the firm.

He also reflected on his time at the company, saying “The work was challenging” and adding that he was “blessed to have spent the past 4.5 years with a team full of passion, integrity, and kindness.” He said he was “grateful for the lessons learned” and for “the work we did to help investors.”

Morgan Stanley to eToro Career Path

Prior to joining eToro, he worked at Morgan Stanley as Vice President, Regulatory Enforcement and Litigation Counsel for around one year and four months. In that role, he handled regulatory investigations following Morgan Stanley’s acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of E*TRADE.

Before that, he spent around four years at E*TRADE. He first served as Director and Associate General Counsel for just over one year, and earlier as Assistant General Counsel for nearly three years. In these roles, he worked on regulatory investigations and advised product, operations, technology, AML, marketing, and compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term teams.

He began his legal career at Eversheds Sutherland, where he worked as a Litigation and Enforcement Associate for more than six years.

eToro Expands Crypto Trading in New York

Meanwhile, eToro has expanded its crypto trading services to residents of New York, allowing users to buy and sell digital assets alongside stocks, ETFs, and options on its platform.

The move extends the company’s crypto offering to 48 U.S. states and follows approval from New York financial regulators. The company secured both the New York State BitLicense and Money Transmitter License after years of engagement with state authorities, enabling it to operate within one of the most tightly regulated U.S. markets.